Business promotion expense

This query is : Resolved

Anu Elizabeth Shaju (Querist)
Follow

17 April 2013 the firm incurred a business promotion expense amounting to rs 75600 for printing invitation cards as per our requirements.
is there any need to deduct tds on this bill??
we have a contract with the printing company for another expense of the firm namely printing charge..
pls help me?

CA.Sourabh Sethia

CA.Sourabh Sethia (Expert)
Follow

19 April 2013 if the Cards are supplied by you for printing invitation cards then the same is covered in Job work

and Tds is to be deducted on the same

but if the Card & Printing both is done by the Priniting Co. then the same is sale contract and therefore no TDS is required to be deducted

if the firm is billing you for Printing Charge and the same is on regular basis and the amount is above the Limit then TDS is required U/s 194C

Message likes : 1 times

Anu Elizabeth Shaju

Anu Elizabeth Shaju (Querist)
Follow

19 April 2013 thank u so much....it was really helpful

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
Follow

03 June 2013 If you have contract of any nature then you are bound to deduct TDS u/s 194C but if you have gone to the shop of the printer and has lifted the goods which he already printed and kept for sale then it is not a contract but anything specifically designed and printed for you is a contract and you have to deduct TDS.

Message likes : 2 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Dhairya Sanghvi

mohammad.asraf

sriram deven

mahendra zaveri

nilesh

Subscribe Now

Business promotion expense

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

GST CONSULTANT

CA Final

GST CONSULTANCY

Article Assistant

Senior execiutive

Manager- Finance and Compliance